NEW YORK (Dow Jones) – After a positive surprise in the ISM index for the U.S. industry have closed the U.S. equity firm on Monday. The Dow Jones Industrial Average (DJIA) rose by 1.2% or 118 points to 10,186. For the S & P 500 index was about 1.4% or 15 points to 1,089 upwards. The technology sector is lagging behind a little: The Nasdaq Composite Index gained only 1.1% or 24 to 2171 points. (Photo: Schneider)
On the New York Stock Exchange came to 2414 price gains only 650 losers. 88 shares ended trading unchanged. The sales volume shrank to 1.04 billion from 1.58 billion shares.
The index of purchasing managers in manufacturing in the U.S. has risen in January to 58.4 points from 54.9, its highest level since August 2004. Economists surveyed by Dow Jones Newswires had forecast a rise to only 55.3. The Postbank Thilo Heidrich, according to economists, the index indicates a continued increase in economic recovery: "Over the next few months, the U.S. industry their supportive role in the recovery should continue to exercise," said Heidrich. The U.S. construction spending in December, however, somewhat disappointed.
Barry James, president of James Investment Research, said that there had been in U.S. stock prices last a fairly sharp correction and the market had recovered somewhat on the reporting day of it. Strategist Joe Williams of Commerce Trust added that the market participants on Monday had been a little more open to the idea that the market had recently given way too much.
In the course of the recent reporting season are based on calculations of Landesbank Baden-Württemberg 69.5% of companies in the S & P 500 Index surpassed its sales expectations of the market. This constituted over the previous quarter (59.1%) a significant improvement in terms of net profit dar. also had a clear majority of 75% surpassed the forecasts.
The quarterly figures were released premarket jump Exxon Mobil up 2.7% to U.S. $ 66.18 upwards. The oil company has earned in the fourth quarter of $ 1.27 per share. Analysts had expected an average of their forecasts, only $ 1.19 per ticket.
Shares of aluminum producer Alcoa, with increase in metal futures rallied 4.9% to U.S. $ 13.36 and led the Dow Jones index of. DuPont followed in second place with an increase of 3.2% to 33.66 U.S. dollars.
Johnson & Johnson developed with an increase of 0.4% below average at U.S. $ 63.09 after the drugmaker has reached agreement with Boston Scientific in a patent dispute. Johnson & Johnson, Boston Scientific receives 1.73 billion USD. Boston Scientific fell by 2.4% to 8.42 USD.
The rise in the Nasdaq Composite was slowed by Amazon.com, which fell by 5.2% to 118.87 U.S. dollars. The shares of the online retailer has been burdened by a dispute with publisher Macmillan about the price of e-books.
DJG / DJN / gei